Bitcoin has experienced a significant increase in value, rising over 120% from its lowest point in 2022. Despite the challenging macroeconomic landscape, Bitcoin has seen a strong recovery in 2023. This recovery can be attributed to mean reversion, as the market became oversold after the collapse of FTX. Additionally, the narrative of Bitcoin being a safe haven against the failures of the financial system has gained traction, and optimism about institutional adoption has boosted the market. In previous bull markets, the MVRV ratio has reached extreme levels, suggesting that Bitcoin could potentially reach a price above $320,000 in the upcoming bull market. This would imply a market cap close to $6 trillion, which is not unrealistic considering Bitcoin's potential as a global reserve asset compared to gold.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.